Hello, Share Thrashers. As predicted here, Pets At Home (PETS) announced a bouncy yearly revenue. It's up by nearly 9%, now standing at £1.1 billion. Not bad for a fairly new retail business. Though we should say that extra covid costs have upset the profit applecart a bit. Underlying gains before tax was a useful £87.5 million, but was still 6.4% worse than the prior year. However, as you might expect, the company is doing better week by week. And that £87.5 million is expected to grow to at least £120 million for the current full year.
Hello, Share Gobblers. The army of dogs on my local beach is truly remarkable. They far outnumber the people. You’ve probably read that in the loneliness of lockdown, pet sales are booming. There’s also sadly a growing trade in dog kidnapping. Meanwhile, a company that’s prospering because of four-legged demand is Pets at Home (PETS)...
